Petrol prices to be deregulated completely is the new hot gossip for Indian politics or parties.
In India bollywood gossips get a tough competitions from political gossips which are wrapped under pseudo name of concern towards the poor.
Deregulation of petrol will add an additional burden of 3.50 Rs (I will stick to this sign till our currency gets a new official logo).
After following this deregulation issue for a couple of days a thought came to my mind.
To keep petrol (I am considering petrol only as its most discussed and hyped issue of all out of regulated goods) regulated Gvt of India has to pay a hefty amount to the Oil companies in cash or in the form of bonds.
Whatever may be the cribbing reasons provided by various parties to keep this regulation going on but this is a part of business where the difference has to be settled.
Why Govt should pay for the rash unnecessary utilization of vehicles by people when use of petrol/ vehicle can be avoided.
If this bonds/ cash is available to Govt for using for direct development wont it will be more worth and benefiting to common man, for whom all cry is taking place.
Increase in cost will make us realize importance of petiole which will automatically curb the utilization to optimal level in sincere citizen of India. This will be an indirect help to reducing carbon footprints of a nation which has considerably lower carbon footprints thanks to its population (data which I got is based on per capita basis). It will make parents ask wards about consumption of fuel, and so will bring accountability to some extent.
I agree if petrol prices goes up then prices of dependent services like transport, foods will also go up. But they will reach a realistic value after this hike which can be addressed in a proper way then.This bubble of cushion has to burst at some moment the sooner the better is what I feel.
Let us see how our UPA (Under Pressure Alliance) is able to push through the proposal.
Open for views and clarification if some assumptions are wrong
Ref for Oil prices :
http://www.business-standard.com/india/news/end-petrol-subsidy-says-ongc/382824/http://www.expressindia.com/latest-news/Pvt-oil-firms-seek-freeing-of-fuel-prices/546998/
Ref for Carbon foot prints :
http://en.wikipedia.org/wiki/List_of_countries_by_carbon_dioxide_emissions_per_capita
